In the uncertain economy, business owners are struggling to keep costs down, pay vendors and continue to make a profit on operations. When business debts become overwhelming, the future of your business may seem bleak. Remember that you do have options and you do have rights, even when your business is struggling and you cannot repay your debts.
I am Merideth Nagel, an experienced Clermont, Florida Business Debt Relief Attorney dedicated to helping my clients reorganize their debt. Under Chapter 11, you have the option to “cram down” debts and reorganize your financial assets, debts and property.
When confirming a bankruptcy plan, creditors are divided into classes and each class has the opportunity to vote on your plan for reorganization. If one or more of the creditor “classes” vote against your plan, you can still get your reorganization plan approved through the process of a “cram down.”
Under a cram down, business owners (or individuals who have purchased investment property) can cram down investment property to present fair market value, readjusting the principal to reflect current value. After bankruptcy is filed, a repayment plan will be established. As your attorney, I will review your individual circumstances, help you determine if you are eligible, determine a fair market value and help you restore your credit after filing bankruptcy.
As your Clermont business debt attorney, I will never stop fighting to protect what is most important to you. To schedule an initial consultation with a Lake County Chapter 11 bankruptcy attorney, call 352-394-7408 or fill out a short contact form today. We want to understand your concerns and provide the help you need immediately.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Serving Lake, Orange, Marion and Sumter Counties.
Serving West Orange County, Lake County, Sumter County & Marion County
The more I get to know her the more convinced I am that she is the right attorney for me. The compassion and integrity I have seen is quite remarkable and I highly recommend you use her office to service… ~ Kelly,
Ms. Nagel represented my wife and I in a bankruptcy case and also in a recent real estate transaction. I felt compelled to share our experience. Ms Nagel and all of her staff handled everything in a very professional matter… ~ Mike,
Merideth Nagel has been a help to me, over the last 10 years, for multiple legal issues! As her client, and as a realtor who utilizes her real estate and title services, Merideth, along with her phenomenal staff, has afforded… ~ Tiki Jackson,
“If it weren't for Merideth Nagel and her top-notch team of seasoned professionals, I shudder to think where my family would be today. At this firm, you are not a name, a face, a case number, or a quagmire. You… ~ Heather, Clermont
“Merideth and her team have been a real blessing to me over the years! She helped me with real estate several times and estate planning. I can recommend her with full confidence!” ~ Nancy, Orlando
“We utilized Nagel Law to assist us with a real estate transaction a little over a year ago. Merideth and her entire staff treated us with the utmost professionalism as well as eased our minds pertaining to this transaction. We… ~ Lynette, Orlando